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Dec 30, 2012
12/12
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strongly if we stay on the pathway we're currently on we're headed to the nanny state which is france and greece. that concerns me a great deal and the country will not be able to deal with the leader of the free world if we continue on that pathway. >> what would that look like for the average citizen? >> the average citizen more and more their life would be dependent on uncle sam. the difference between america and the rest of the world is our founding fathers placed the highest priority on individual enterprise and individual spirit. if people are willing to say my dependent upon my own willingness to work hard and impact the process we will continue to have that driving force that makes us the strongest country in the world. if we're not careful, we will walk away from it and soon, unfortunately, we'll be like france. >> do you have any sense there is a generational sense on views how the government should serve the public among younger americans than it is among baby boomers and older? >> i'm hopeful we can convince the cross section of the younger generation that their contribution to our
strongly if we stay on the pathway we're currently on we're headed to the nanny state which is france and greece. that concerns me a great deal and the country will not be able to deal with the leader of the free world if we continue on that pathway. >> what would that look like for the average citizen? >> the average citizen more and more their life would be dependent on uncle sam. the difference between america and the rest of the world is our founding fathers placed the highest...
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Nov 27, 2012
11/12
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FOXNEWSW
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does not become the next greece. tonight, economically crippled country is getting another infusion of the bail-out money. senior foreign affairs correspondent amy kellogg has the story from london. >> they were peaceful but this was a protest. these greeks weary of seeing tensions shrink -- pensions shrink and jobs grow were not happy about the decision to grant them more in bail-out money. they know the feet will be held ever closer to the austerity fire. >> the long installment is not for the workers or the people. but the banks. for those drinking our blood. nothing can change. >> greece's new prime minister welcomed the deal to keep greece afloat, the feisty opposition leader decried it as hollow fix. >> it does not include greece or a plan for greece. >> in a marathon session in brussels, they nibbled around the essentials of the massive debt problem. making adjustments sort of forgiving greece's debt. that might have been political poison for the european officials planning to stand for re-election. but moves
does not become the next greece. tonight, economically crippled country is getting another infusion of the bail-out money. senior foreign affairs correspondent amy kellogg has the story from london. >> they were peaceful but this was a protest. these greeks weary of seeing tensions shrink -- pensions shrink and jobs grow were not happy about the decision to grant them more in bail-out money. they know the feet will be held ever closer to the austerity fire. >> the long installment...
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Dec 21, 2012
12/12
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we are heading down the same path that greece did. right now the democrats are talking about raising taxes on the top 2%. if we do not stop the spending, we will be back here again maybe one year from now saying, maybe we need to raise taxes on the top 25% or 50%. then everybody will be taxed and we will run out of money. what is going to happen is the federal government is not going to be able to take care of its obligations. you are not going to be able to have safety nets. social security and medicare are going broke. we have to fix those of those who are dependent on those systems can get them. continuing to spend money like both parties have been doing the, wild spending is going to lead us to be just like greece. we are not going to be able to take care of the poor or the needy or take care of senior citizens. we have to stop spending. host: this is fiscal year 2010, but it has not changed significantly in terms of percentage. 41% of the federal budget. not defense appropriations 19%. defense spending 20%. the national debt 6%.
we are heading down the same path that greece did. right now the democrats are talking about raising taxes on the top 2%. if we do not stop the spending, we will be back here again maybe one year from now saying, maybe we need to raise taxes on the top 25% or 50%. then everybody will be taxed and we will run out of money. what is going to happen is the federal government is not going to be able to take care of its obligations. you are not going to be able to have safety nets. social security...
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Jan 31, 2012
01/12
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KRON
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it looks like greece could be closer to reaching a deal with private creditors. we have seen a turn around on wall street with dow futures up to 89 points ahead of the opening bell. >>darya: the big stories this hour, the polls are open in florida. they are choosing the republican candidate for the election. top political contenders mitt romney and newt gingrich are in a close battle with romney in the lead. thousands of kaiser permanente workers will be walking off the job in the largest one day strike in hmo history. they are upset over proposed cuts to employee benefits. officials have called of the underwater search for people still missing from the cruise ship disaster. investigators say it is because of dangerous rescue operations. 16 people are still listed as missing. >>mark: here is a live look from the mt. tam cam. today, partly-mostly cloudy. tomorrow is going to be a light storm. showers mostly in the north bay. thursday-sunday looks fantastic. sunny and mild. let's take a look at what is happening outside right now. temperatures in the upper 40's and
it looks like greece could be closer to reaching a deal with private creditors. we have seen a turn around on wall street with dow futures up to 89 points ahead of the opening bell. >>darya: the big stories this hour, the polls are open in florida. they are choosing the republican candidate for the election. top political contenders mitt romney and newt gingrich are in a close battle with romney in the lead. thousands of kaiser permanente workers will be walking off the job in the largest...
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don't know greek greece could play so that's how they're going out and greece and. the banks and of course. itself is in violation of its own sure when it lends money cause it's only permitted to learn. the balance of payments just not committed. for. the deficit. problem so what we see coming out of this crisis is longest next. disappearing is chary of european central bank is just in case this is a very good story and so by refusing to face the real issue or create an addition to these other things we have spoken about yeah and that's something i want to talk to you about after the break in terms of what you think the i.m.f. is really trying to become a bit and also some of that lawlessness that i believe we're seeing in the u.s. we will be back stay here i will come back after the break and have more with paul craig roberts economist and former as a secretary of the u.s. treasury under ronald reagan and also still ahead the payday lending ok of things big banks are bankrolling the practice even getting into the business themselves and yelp or wells their bank rol
don't know greek greece could play so that's how they're going out and greece and. the banks and of course. itself is in violation of its own sure when it lends money cause it's only permitted to learn. the balance of payments just not committed. for. the deficit. problem so what we see coming out of this crisis is longest next. disappearing is chary of european central bank is just in case this is a very good story and so by refusing to face the real issue or create an addition to these other...
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out and not greece and then you know. and of course the i.m.f. itself is in violation of his own sure what it means money because it's only permitted to live. for the balance of payments just not committed to live for. the deficit problems government problems so what we see coming out of this crisis is lowness next. has just been good story of the european central bank is just disappearing its charter and so by refusing to face the real issue or create lawlessness in addition to these other things that we have spoken about yet and that's something i want to talk to you about after the break in terms of what you think the i.m.f. is really trying to become maybe and also some of that lawlessness that i believe we're seeing in the u.s. we will be back stage here i will come back after the break and have more with paul craig roberts economist and former assistant secretary of the u.s. treasury under ronald reagan and also still ahead payday lending ok it seems big banks are bankrolling the practice even getting into the busin
out and not greece and then you know. and of course the i.m.f. itself is in violation of his own sure what it means money because it's only permitted to live. for the balance of payments just not committed to live for. the deficit problems government problems so what we see coming out of this crisis is lowness next. has just been good story of the european central bank is just disappearing its charter and so by refusing to face the real issue or create lawlessness in addition to these other...
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May 19, 2012
05/12
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and, um, i list them here; mexico, turkey, greece -- i guess i should cross greece off the list because we don't really want to talk about greece today -- chile, italy and in my book i say -- i included france on that list. more recent data has shown that incomes have grown recently more unequal in france, but that makes the 30-year trend, essentially, flat. latin america traditionally has been known as a place where we had especially egregious income inequality, and the general trend in latin america has been towards greater income equality. well, we're going in the opposite wrong direction. an argument you sometimes hear from people is we don't really need to concern ourselves with income inequality because america is such a mobile country, there's so much opportunity here. we're the envy of the world. anyone can grow up to be president or ceo of a major corporation. um, and i have two answers to that. one is, it isn't true and, second of all, even if it were true, we would still have to worry about income inequality because there would still be some people left behind. but the conver
and, um, i list them here; mexico, turkey, greece -- i guess i should cross greece off the list because we don't really want to talk about greece today -- chile, italy and in my book i say -- i included france on that list. more recent data has shown that incomes have grown recently more unequal in france, but that makes the 30-year trend, essentially, flat. latin america traditionally has been known as a place where we had especially egregious income inequality, and the general trend in latin...
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Sep 27, 2012
09/12
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violent riots are raging in the streets of spain and greece as angry mobs protest against the government and austerity measures there. in athens, more than 70,000 people descended on the greek parliament. molotov cocktails targeted police officers, and similar scenes of violence in madrid as well, but make no mistake if this president is in fact afforded another four years in office and has the ability to run up our national debt another $6 trillion, look right there, this is what main street in america may very well look like. the current path is beyond unsustainable. it is the direct result of nearly four years of reckless spending. forget about bush. this is the obama economy. 8.1% unemployment. $6 terrell in new obama debt. 1 in 6 americans currently live in poverty in this country. 46 million americans are in need of food stamps. fewer americans are working today than when the president took office in january of '09. gas prices have soared by over 100% during his tenure. today we learn that the average household income dropped by more than 8% in the less than four years president ob
violent riots are raging in the streets of spain and greece as angry mobs protest against the government and austerity measures there. in athens, more than 70,000 people descended on the greek parliament. molotov cocktails targeted police officers, and similar scenes of violence in madrid as well, but make no mistake if this president is in fact afforded another four years in office and has the ability to run up our national debt another $6 trillion, look right there, this is what main street...
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reserve currency system so but it can work locally but if greece for example is dependent on imports of international goods they won't be able to order from that very effectively though we see for example. the so-called brics you know brazil india russia china where they're trying to develop also an alternative system to the current can occur dollar based reserve currency system so what we may be witnessing now at the local level is the break up with the dollar gauge enemy. just as a rising congressman. rush. term to great. international law to see how that all pans out and on what time frame while we are waiting on that while we're on lawlessness it is kind of the thing i really want to ask you about this bill that's making its way through the u.s. congress ok there's a provision in it that would for one revoke passports of people with what's deemed seriously delinquent tax that this is even if they have not been charged with a crime they don't have due process know what you think is driving this because there's one angle which is financial and the government needs the money and the
reserve currency system so but it can work locally but if greece for example is dependent on imports of international goods they won't be able to order from that very effectively though we see for example. the so-called brics you know brazil india russia china where they're trying to develop also an alternative system to the current can occur dollar based reserve currency system so what we may be witnessing now at the local level is the break up with the dollar gauge enemy. just as a rising...
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Jul 10, 2012
07/12
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unfortunately, i believe the proposals we follow today are going to help us follow greece into bankruptcy. again, i thank you very much for being here today, for working on regulatory relief, tax reform. health care we didn't even get into, but i will just tell you one thing about what i'm hearing back in ohio, and i'm sure that you are going to talk about it here. whether this law had been deemed constitutional or not, whether the penalty's a tax or not -- and, by the way, the supreme court deemed it to be a tax, a tax, by the way, that falls disproportionately on middle income americans, about 75% of the people it hits make less than $200,000 a year. >> is it a tax? yeah. the supreme court said the whole thing was constitutional because it's a tax. but the problem is it's unaffordable. it's unaffordable for our families. again, another promise the president made, we're going to see a reduction in premiums, couple thousand bucks. what happened? not a couple thousand bucks down, a couple thousand bucks up. it's un affordable for you, for businesses. chamber of commerce recently did a surv
unfortunately, i believe the proposals we follow today are going to help us follow greece into bankruptcy. again, i thank you very much for being here today, for working on regulatory relief, tax reform. health care we didn't even get into, but i will just tell you one thing about what i'm hearing back in ohio, and i'm sure that you are going to talk about it here. whether this law had been deemed constitutional or not, whether the penalty's a tax or not -- and, by the way, the supreme court...
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Feb 14, 2012
02/12
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we're not going to be greece and we're not going to be chicago. thank you. yes, not chicago. absolutely not. we're going to win this! let's go! >>> former alaska governor and 2008 republican vice presidential nominee, sarah palin, was the keynote speaker at the closing session of cpac's annual meeting in washington. her remarks run 40 minutes. >> thank you so much! thank you, cpac. thank you so much. what an honor. thank you so much, cpac. thank you. i appreciate it. thank you so much. i am so honored to get to be here. thank you, cpac. ♪ happy birthday to you >> thank you for the birthday greetings. you are wonderful. thank you so much. and to millie and all of her good work at the nra as a lifetime member of the nra i so appreciate her efforts there, protecting our second amendment rights. thank you, millie. she's not just a mama grizzly, but a mama grizzly who's probably packing, so didn't mess with millie. truly, i thank you so much and i am honored to get to be here. the last time i was in d.c. my family and i were here cruising on harley-davidsons with rolling thunder
we're not going to be greece and we're not going to be chicago. thank you. yes, not chicago. absolutely not. we're going to win this! let's go! >>> former alaska governor and 2008 republican vice presidential nominee, sarah palin, was the keynote speaker at the closing session of cpac's annual meeting in washington. her remarks run 40 minutes. >> thank you so much! thank you, cpac. thank you so much. what an honor. thank you so much, cpac. thank you. i appreciate it. thank you so...
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in two thousand and one greece didn't meet either requirement so how'd they get into the e.u. well they called the banks toure's over goldman sachs and said hey can you help us out goldman loaned them a billion dollars. here's billion dollars guys and then they took three hundred million dollars in fees and backloaded future payments to sort of like adjustable rate mortgages that they are giving people the united states exploding mortgages greece signed off on this by giving goldman stuff like future airport and lottery income there are times reported back in february two thousand and ten when this loan came to light in two thousand and one just after greece was admitted to the europe's monetary union goldman help the government quietly borrow billions people familiar with the transactions in that deal hidden from public view because it was treated as a currency trade rather than a loan helped athens to meet europe's deficit rules while continuing to spend beyond its means as b.b.c. investigative journalist greg palast told us here on this program breach exploded but people sh
in two thousand and one greece didn't meet either requirement so how'd they get into the e.u. well they called the banks toure's over goldman sachs and said hey can you help us out goldman loaned them a billion dollars. here's billion dollars guys and then they took three hundred million dollars in fees and backloaded future payments to sort of like adjustable rate mortgages that they are giving people the united states exploding mortgages greece signed off on this by giving goldman stuff like...
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Aug 12, 2012
08/12
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economic policies of borrowing, taxing, and spending worked, we'd be entering a golden age along with greece. it doesn't work because it never worked. the engine of opportunity, the nucleus of our society is the small business, the family, the entrepreneur, not the government. [cheers and applause]. >> we know what this country was built on. we understand its principles. our rights, they come from nature and god, not from government. [cheers and applause]. >> this is a man who knows this, who believes it, who practices it. this is a man who, when he was governor of the unemployment rate. under barack obama, it has gone up. this is a man who, as governor of massachusetts, increased and improved the credit rating of massachusetts, under president obama's watch, for the first time in our history, the u.s. credit rating was downgraded. you could not have a better contrast than this. so we're going to offer to you our fellow citizens a choice. do you want the american idea that opportunity of a safety net, a land of prosperity where you can make the most of your life, no matter who you are and wh
economic policies of borrowing, taxing, and spending worked, we'd be entering a golden age along with greece. it doesn't work because it never worked. the engine of opportunity, the nucleus of our society is the small business, the family, the entrepreneur, not the government. [cheers and applause]. >> we know what this country was built on. we understand its principles. our rights, they come from nature and god, not from government. [cheers and applause]. >> this is a man who knows...
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Feb 12, 2012
02/12
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the are writing -- rioting in greece because they have to cut a little bit. what is the plan? bernanke is planning on the bailing them out with our dollars. [boos] we have been liquidating debt the past three or four years. it needs to stop. [cheers and applause] what should the role of government be? the founders did not like the role that the king had. the revolution was one of the rare times that a overthrow of government delivered more freedom to the people that they had before the revolution. look around the world today, unfortunately they are ending up with even less. we had a more liberty, not less liberty. we need to understand how important it is. the role of government should be no more complicated than guaranteeing the right to your life and liberty. what does that mean? it means the government should be out of the economy. you have regulations a property rights and the market. you have the regulations of sound money. the regulations that do not bail out anybody that comes to the government for bail out. those are truly market oriented. it means the government shoul
the are writing -- rioting in greece because they have to cut a little bit. what is the plan? bernanke is planning on the bailing them out with our dollars. [boos] we have been liquidating debt the past three or four years. it needs to stop. [cheers and applause] what should the role of government be? the founders did not like the role that the king had. the revolution was one of the rare times that a overthrow of government delivered more freedom to the people that they had before the...
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Dec 31, 2012
12/12
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i want to turn around the spending problem we have that will prevent us from becoming greece, and if you will lead, i will follow, and yes, i will raise more revenue in a responsible way, but without you, it's going to be hard for us to get there. so the next time we meet is going to be around the debt ceiling, and the image i want is not a bunch of people behind the president who are clapping for him, but members of congress, republicans and democrats behind the president clapping for the president because he signed a bill that will save all of us from a certain fate. and our fate is being sealed as i talk unless we make changes. we cannot survive on the course we're taking today. the good news is with some bipartisanship and presidential leadership, we still have time to turn around this country and actually dominate the 21st century. it's going to take some pain, it's going to take some sacrifice, but one final story. when i was 21, my mom died. when i was 22, my dad died 15 months later. we were in -- my family owned a liquor store, a restaurant and a pool room, and everybody i k
i want to turn around the spending problem we have that will prevent us from becoming greece, and if you will lead, i will follow, and yes, i will raise more revenue in a responsible way, but without you, it's going to be hard for us to get there. so the next time we meet is going to be around the debt ceiling, and the image i want is not a bunch of people behind the president who are clapping for him, but members of congress, republicans and democrats behind the president clapping for the...
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Dec 30, 2012
12/12
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WUSA
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we're becoming greece, and we have a government that we're willing to pay the taxes for 65% of the cost of it. we need to change that. we need both, both-- we need to do both. >> o'donnell: i'm flawed brought thaglad you brought that up. we're not even there. we're just dealing with this little short-term patch that you can't even get an agreement on. what does that say about what's happened here in washington and a real lack of confidence among the american people that it the body you guys serve in is just broken? >> well, it is, and it needs to change. this conservative republican, this progressive carriage we both voted for it. we worked on this for three years. there is room for compromise and agreement. here's what we ran into the problem with. 40% of deficit reduction in the sim son-bowles came from additional revenue, 40%. when we said to speaker boehner you have to come up with revenue, he said i'll come up with a plan that protects those making less than $1 million. he couldn't silent republican caucus. the only way we deal with this cries and the deficit is on a bipartisan bas
we're becoming greece, and we have a government that we're willing to pay the taxes for 65% of the cost of it. we need to change that. we need both, both-- we need to do both. >> o'donnell: i'm flawed brought thaglad you brought that up. we're not even there. we're just dealing with this little short-term patch that you can't even get an agreement on. what does that say about what's happened here in washington and a real lack of confidence among the american people that it the body you...
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Jan 26, 2012
01/12
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> i said greece in greece. she worked sl hours a day. that is why she beats me up all the time. >> he has a point. >> bob beckel but why did greeks become lazy? because the government gave them all the handouts. >> she is supporting you, bob? >> and watch, bob, everywhere, i hear everything you say. [ laughter ] >> get out of here, go. >> this is great show. >> how did the french get lazy? biggest demonstrations in france are maybe we'll have to do more than one hour for 35 hour week. >> i was going to comment about the french because all the butter they eat. you want to go take a nap. you end up looking like that. >> sean: i'll buy a cheese burger. >> the british they built this thing, what are you thinking, leave the french where they are. >> sean: let's go to the poll. 33% of respondents they want candidate to enter the gop race. what does that mean to you. >> sean: you like mitt romney? >> very much. this is not american idol. i really believe our country, they want another candidate. they want another ente
> i said greece in greece. she worked sl hours a day. that is why she beats me up all the time. >> he has a point. >> bob beckel but why did greeks become lazy? because the government gave them all the handouts. >> she is supporting you, bob? >> and watch, bob, everywhere, i hear everything you say. [ laughter ] >> get out of here, go. >> this is great show. >> how did the french get lazy? biggest demonstrations in france are maybe we'll have to do...
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to take taxes in and greece got screwed by goldman sachs and goldman sachs help greece rig. their debt ratios that they could get into the euro and greece doesn't control their currency we control our currency greece can't borrow right now at a one percent we can't yeah it's soon as sort of the problems in new up would be over i think the market will stop the war about the united states i think that is just not the fish of situation i think that the united states on an untenable fiscal path and they have to be would about that why is that the japan for example is borrowing at less than one percent and their debt to g.d.p. ratio is over two hundred percent ours hasn't even hit one hundred percent. because all that that of japan is by japanese and pretty soon this is going to and because the same is a japanese would not be enough to hold that that and then when when that day comes which is not that far away we're going to have a huge jump on these cries i think japan is the next squeeze of a very interesting to see professor thank you so much for being with us tonight. my plea
to take taxes in and greece got screwed by goldman sachs and goldman sachs help greece rig. their debt ratios that they could get into the euro and greece doesn't control their currency we control our currency greece can't borrow right now at a one percent we can't yeah it's soon as sort of the problems in new up would be over i think the market will stop the war about the united states i think that is just not the fish of situation i think that the united states on an untenable fiscal path and...
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May 15, 2012
05/12
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CNBC
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word came out that perhaps there could be a run on the greek banks which would make it difficult for greece to get out of the euro land. again, i'm putting it smack into the hands of greece but actually it was developing into a pretty fine day. all that means is that prices have to go lower continually to adjust for greece and spain and then italy. that's what's going on. not our companies. except for commodities. i'm jim cramer and i'll see you tomorrow! >>> we need a real tax and budget deal now before the elections. if we don't, business, hiring and the economy could well go cold. you can see it in the stock market already. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." >>> our top story tonight -- the president grades himself an incomplete on the economy with 2% growth, over 8% unemployment, a vanishing labor force and total debt that now equals our entire gdp, i'm going to grade him on a bell curve by giving him a d-minus. that's after 3 1/2 years, he'd be in danger of being thrown out of school. our panelists will weigh in. >>> also tonight, team obama cont
word came out that perhaps there could be a run on the greek banks which would make it difficult for greece to get out of the euro land. again, i'm putting it smack into the hands of greece but actually it was developing into a pretty fine day. all that means is that prices have to go lower continually to adjust for greece and spain and then italy. that's what's going on. not our companies. except for commodities. i'm jim cramer and i'll see you tomorrow! >>> we need a real tax and...
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can't have anymore oil what's a course going to crush their economy even more who decided that greece suddenly had to go the way of all flesh and be terminated what why is grace and how did that happen it's the same bunch of idiots that have been running everything else but i notice in the stories today it's big breaking news that the e.u. has supposedly banned iranian oil imports that's going to be a joke and it's going to hurt nobody except europe because nobody else is going along with it but in the fine print which i found in a reuters story this morning this ban does not take effect until july and there are side pocket exemptions being granted all over the place so this is a toothless embargo but you know it's it's if we expected sanity to work in these markets max you and i would have been crazy a long time ago i mean there's none of this makes sense from from an overt plainly logical step by step analysis. every nation in europe is going to get hurt and i don't think get you know. all the system is capable of doing right now because it's so detached from honest dealing with the
can't have anymore oil what's a course going to crush their economy even more who decided that greece suddenly had to go the way of all flesh and be terminated what why is grace and how did that happen it's the same bunch of idiots that have been running everything else but i notice in the stories today it's big breaking news that the e.u. has supposedly banned iranian oil imports that's going to be a joke and it's going to hurt nobody except europe because nobody else is going along with it...
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and we are headed towards this and we if we continue with austerity you're right we will be greece we will be nervous i mean the government this is going to employ everybody just told ryan all right i want to do to us what was the e.u. did degrees absolutely not paul ryan we are spending then you came out recently said lay off a bunch of public sector workers cut your minimum wage cut because i don't plan on benefits greece did that and threw them into a depression that's exactly what paul ryan saying we should do. and it kind of is don't run when people are stocking shelves with tons of stuff economy's wrong when people are buying the stuff on the shelves nobody's going to stock shelves and hire people if nobody's buying it regardless of arguing that the free market is dead but you're talking about what keeps the market moving the lubrication market exactly ok we will have been doing great demands of medical supply well there's no there's no supply if there's no demand because you're going to the market creates the demand where you're actually to do is that if you're going to take it
and we are headed towards this and we if we continue with austerity you're right we will be greece we will be nervous i mean the government this is going to employ everybody just told ryan all right i want to do to us what was the e.u. did degrees absolutely not paul ryan we are spending then you came out recently said lay off a bunch of public sector workers cut your minimum wage cut because i don't plan on benefits greece did that and threw them into a depression that's exactly what paul ryan...
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Dec 28, 2012
12/12
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. >> mitt romney kept saying this country could be on the road to be more like greece if we did not get our arms around it. the unemployment rate remains high. are you optimistic in the short term about our country's future. >> it is hard to be. i tried to be. if we can get this resolved, this fiscal cliff situation, and have a pathway to seeing the deficit be reduced, cannot do it overnight, if we can see there is a path, a trajectory of slowing down the growth of spending to the point you can see the deficit will ultimately go away over a reasonable time, people will start investing again, hiring again, and i spoke to a business group yesterday and asked if they would hire just because they get a tax credit for hiring people. they said no. if you see the deficit will go away and there is hope we are on the right path to fiscal sanity, will you then hired? yes. we will have markets for our products and services and then we will need more people. we are stuck right now because all we have done for a year and a half was kick the can down the road. i voted against the act a year- and-a-ha
. >> mitt romney kept saying this country could be on the road to be more like greece if we did not get our arms around it. the unemployment rate remains high. are you optimistic in the short term about our country's future. >> it is hard to be. i tried to be. if we can get this resolved, this fiscal cliff situation, and have a pathway to seeing the deficit be reduced, cannot do it overnight, if we can see there is a path, a trajectory of slowing down the growth of spending to the...
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Nov 16, 2012
11/12
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>> only in this sense i think greece is a very different situation. but spain, france, italy, they all knew they had problems coming and they thought we don't have to solve it now. we can go on borrowing and you can't count on that forever and we are not going to be able to count on it forever. >> obviously you don't agree with the idea that this is a phony problem that the deficit and debt will look better next year as the economy begins to improve somewhat in the debt to gdp starts to go down and we are freaking out about it with a problem that doesn't really exist. >> any sensible projection of the next decade says the debt to gdp ratio continues to go up and we look at what has been the danger linus of the idea that we are so special and so exempt from the economics that we can simply define common sense is wrong and it's dangerous to think that way. >> it doesn't mean on immediate austerity. austerity in the weak economy is a bad thing to do. >> you want to focus on cutting the transfer programs. you don't want to cut back the core functions of g
>> only in this sense i think greece is a very different situation. but spain, france, italy, they all knew they had problems coming and they thought we don't have to solve it now. we can go on borrowing and you can't count on that forever and we are not going to be able to count on it forever. >> obviously you don't agree with the idea that this is a phony problem that the deficit and debt will look better next year as the economy begins to improve somewhat in the debt to gdp...
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May 20, 2012
05/12
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but people look at the question of greece. they are heading in that direction because of the spending. it is out because of those issues that we are heading in the direction of -- not because of those issues that we are heading in the direction of greece. the inability of leadership to address problems that are well known and right in front of them -- the gridlock you see any greece is also the political gridlock we have in the united states, and to try to put this on the face of obama is ludicrous. we know what has happened, and the republicans are never going to agree to anything that will allow a compromise. >> democrats had control of the house, senate, the presidency for two years, did nothing on entitlements -- >> how can you -- >> nothing on tax reform to that is killing us economically and destroying our treasury. unless you get leadership on that, you get nowhere. >> the structure of the republican party cannot get anything done. >> the republicans run on the paul ryan budget, they would be committing an act of politi
but people look at the question of greece. they are heading in that direction because of the spending. it is out because of those issues that we are heading in the direction of -- not because of those issues that we are heading in the direction of greece. the inability of leadership to address problems that are well known and right in front of them -- the gridlock you see any greece is also the political gridlock we have in the united states, and to try to put this on the face of obama is...
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Jun 17, 2012
06/12
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all before today's vote in greece. how concerned is the president about that outcome and is there anything more he can do to contain that crisis? >> no doubt that we're experiencing head winds from europe. they're a big destination for our exporters and our goods. this is affecting our economy. it's affecting the global economy. obviously, he's meeting with some of the world leaders down in mexico for the next couple of days and we'll continue to make the case, we have some experience in this, you know, we department with our financial crisis, none of the steps were easy. they were all politically hard. but stepped up and stabilize our financial system and economy. there's lot of discussion about things like banking unions. no question that, you know, i think there will be progress over the next several days. the european leaders are getting together at the end of june, that's hopefully where we'll see more confidence and progress that they can handle this. >> romney said there's no way he would send checks to the euro
all before today's vote in greece. how concerned is the president about that outcome and is there anything more he can do to contain that crisis? >> no doubt that we're experiencing head winds from europe. they're a big destination for our exporters and our goods. this is affecting our economy. it's affecting the global economy. obviously, he's meeting with some of the world leaders down in mexico for the next couple of days and we'll continue to make the case, we have some experience in...
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and in greece and bizarrely it's what republicans want to bring to the united states let's follow europe down that rabbit hole into economic collapse through austerity an economy isn't here for the banks in the rich it's here for all of us and no nation in the history of this planet has ever cut its way to prosperity so let's stop try. that's the big picture for tonight for more information on the stories we covered visit our website to tom hartman dot com free speech dot org and dot com also check out our two you tube channels there are links to thom hartmann dot com also at tom hartman dot com you can check out all the different ways you can send us feedback and don't forget democracy begins with you get out there and get active tag your it will see them are. wealthy british style. markets why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to kaiser reports on our. buying votes a new dynamic in russian elections as millions of people about their favorite presidential candidate
and in greece and bizarrely it's what republicans want to bring to the united states let's follow europe down that rabbit hole into economic collapse through austerity an economy isn't here for the banks in the rich it's here for all of us and no nation in the history of this planet has ever cut its way to prosperity so let's stop try. that's the big picture for tonight for more information on the stories we covered visit our website to tom hartman dot com free speech dot org and dot com also...
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May 13, 2012
05/12
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. >> hear you see it the only good news that came out of greece this week. the actress is ghlighting the relate torch for t the olympics. colby, the rest of the news from greece and europe is lousy. >> lousy, and cocomparable to what we went through in the 1980's with the debt crisis. they have the same problem and they got to at the same way. they have the clout to make deloping countries do the austerity they have e to. there is nobody to forcrce greece or ireland to be able to drink that medicine. >> france's predent is a man who led the socialist party for years. is he for r or against us? >> he is a master of mern western democracies were they don't st your proems and postpone the day of judgment. when iss the euro going to collapse? it is like watching a car wreck play out in slw-motion. >> what will it do to us, nina? >> if it collapses, and could hurt us severely and result in obama not being reelected. but you do have to moderate austerity witith some idea of how people live. >> elilies in europe and the united states, present company excluded or 10
. >> hear you see it the only good news that came out of greece this week. the actress is ghlighting the relate torch for t the olympics. colby, the rest of the news from greece and europe is lousy. >> lousy, and cocomparable to what we went through in the 1980's with the debt crisis. they have the same problem and they got to at the same way. they have the clout to make deloping countries do the austerity they have e to. there is nobody to forcrce greece or ireland to be able to...
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Feb 15, 2012
02/12
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we're not greece yet. >> we're not going to be greece. this budget achieves a sustainable level of debt as a
we're not greece yet. >> we're not going to be greece. this budget achieves a sustainable level of debt as a
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Apr 21, 2012
04/12
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this country cannot end up like greece. this country cannot do that to future generations of americans what we are doing today. every time there is a problem, what does barack obama think the answer is? throw more money at it, more government jobs. this race is about the fundamental difference between mitt romney and barack obama. barack obama believes that government creates jobs. mitt romney knows that business creates jobs in america today. [applause] and mitt romney has a record to prove it. my friends, there are a lot of people who like to attack people who get wealthy. the fact is that bain capital, under the stewardship of mitt romney, they saved companies. they turned places like staples into a place called -- into a place that employs thousands of americans. that is the kind of success story that is there. [applause] word their failures? were there companies they could not save -- were there failures? were there companies they could not save? yes, there were. celeste country i knew where everybody state employe was
this country cannot end up like greece. this country cannot do that to future generations of americans what we are doing today. every time there is a problem, what does barack obama think the answer is? throw more money at it, more government jobs. this race is about the fundamental difference between mitt romney and barack obama. barack obama believes that government creates jobs. mitt romney knows that business creates jobs in america today. [applause] and mitt romney has a record to prove...
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Dec 28, 2012
12/12
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but it's not working incr greece. i heard a great saying that says when time gets tough, everyone is a keynesian. turn off the tv. not c-span of course. but turn off the news channels that are just cramming this stuff, and get involved in this before you formulate an opinion. i think we would be voted into office smarter, better people that are not tea party extremists. how about if on the democratic side grover norquist had said never cut any spending? i'm going to sign a bill that says never cut and spending. grover norquist, here's a great example, he does not even believe in economic case multipliers. host: gary says -- guest: what's interesting about the last election cycles is we had under president bush and the end, democrats seized control of congress in big numbers. and we had the big democratic sweep with the white house in 2008. 2010, republicans came sweeping back. we've had a pendulum swing, very contractive time period. that's one of the factors. we have seen both sides really dug in because they don't k
but it's not working incr greece. i heard a great saying that says when time gets tough, everyone is a keynesian. turn off the tv. not c-span of course. but turn off the news channels that are just cramming this stuff, and get involved in this before you formulate an opinion. i think we would be voted into office smarter, better people that are not tea party extremists. how about if on the democratic side grover norquist had said never cut any spending? i'm going to sign a bill that says never...
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May 13, 2012
05/12
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CNBC
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now greece is saying we're not following this austerity rule. you've got france we're going do our own thing. we're raising taxes to 83%. we don't want this as well. these austerity -- so are we actually seeing enough division that you'll see the rur yo break up and does that impact the u.s.? >> that's a key question. i basically think we are. i think what europe's got is they get very different economies locked together in a monetary union. if you want to hold that together, somebody's either got to subsidize -- the rich guys got to subsidize the poor guys on a permanent basis or the poor guys have got to grind down their wages an really suffer it out for 5 or 10 years to try to do the equivalent after devaluation. i think both sides of that seem pretty iftyif tt tty to me. >> do you think we've hit a soft patch in the recovery? >> a bit. i wouldn't say soft patch like it might be a double dip but i think for sure the growth rate slowed down. i wish i hadn't been prescient on the jobs numbers because i was pessimistic and those ended up being r
now greece is saying we're not following this austerity rule. you've got france we're going do our own thing. we're raising taxes to 83%. we don't want this as well. these austerity -- so are we actually seeing enough division that you'll see the rur yo break up and does that impact the u.s.? >> that's a key question. i basically think we are. i think what europe's got is they get very different economies locked together in a monetary union. if you want to hold that together, somebody's...
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but in europe they have gone and you know greece they've cut the pensions they cut all kinds of social services employment people are actually feeling the consequences of paying for the mistake of the private banks who over invested in sovereign debt and that hasn't happened yet here and so that's the real reason that the greeks are in the streets was model top cocktails throwing at the police and people here are sort of insouciant as to the gathering storm do you think just to follow up on that briefly if there were cuts to medicare medicaid social security of anything never get them out we would see this in the united states. well that affects mainly the older people who have a hard time. rioting but in the sense that if it comes back to their children. you know mom and dad can't. exist independently anymore and we don't have anything really to spare then yes in that sense that it filters down to the younger set up i think this type of. dissatisfaction. can certainly rise sharply in the united states but that's only if they actually follow through this tall as you see isn't as long a
but in europe they have gone and you know greece they've cut the pensions they cut all kinds of social services employment people are actually feeling the consequences of paying for the mistake of the private banks who over invested in sovereign debt and that hasn't happened yet here and so that's the real reason that the greeks are in the streets was model top cocktails throwing at the police and people here are sort of insouciant as to the gathering storm do you think just to follow up on...
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and it worked in spain and it's not working in the indiana i hesitate to say greece has anything to do with either party and this kind of the war was usually have been inflicted on greece or the policies that paul ryan put into his budget for years not about austerity in europe especially in countries that are failing austerity in europe represents tax increases not just spending cuts so it is that bad and that's kind of it's a very hard to make because there is no puzzle piece in europe that fits on top of the united states are started by and large as the grand put it over as well mr x. revenue increases no it's. overwhelmingly privatization of the commons it's you know in france you have whole law and just raise the tax rate top tax rate on very very wealthy people seventy five percent where it was when reagan came into office here in the united states and you know it seems to work it out but that's the opposite of that's not austerity your thoughts oh yeah no i think you know what you're saying is correct that people are wising up to the folly of austerity but i also think that t
and it worked in spain and it's not working in the indiana i hesitate to say greece has anything to do with either party and this kind of the war was usually have been inflicted on greece or the policies that paul ryan put into his budget for years not about austerity in europe especially in countries that are failing austerity in europe represents tax increases not just spending cuts so it is that bad and that's kind of it's a very hard to make because there is no puzzle piece in europe that...
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May 19, 2012
05/12
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WETA
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people look at the question of greece, saying we are heading in the direction of greece because of the spending and deficit overload. it is not because of those issues. the problems we are witnessing an greece, we are witnessing in the united states, the inability of leadership to address problems that are well known and right in front of them. the gridlock you see any greece is also up with what we have in the united states, and to try to put this on the face of all, is ludicrous. -- of obama is ludicrous. we know what is happening could the republicans will never agree to anything that would allow a compromise -- >> the democrats the house, senate, and the presidency for two years -- >> how can you -- >> nothing on tax reform, and that is what is killing us economically and destroying our treasury. unless you get leadership on that, you go nowhere. >> with the structure of the republican party, you cannot get anything done. >> if the republicans run on the paul ryan budget in 2012, they are committing an act political self-immolation. >> georgetown university, kathleen sebelius and t
people look at the question of greece, saying we are heading in the direction of greece because of the spending and deficit overload. it is not because of those issues. the problems we are witnessing an greece, we are witnessing in the united states, the inability of leadership to address problems that are well known and right in front of them. the gridlock you see any greece is also up with what we have in the united states, and to try to put this on the face of all, is ludicrous. -- of obama...
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Sep 7, 2012
09/12
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meanwhile, in greece, thousands of police and firefighters rallied against planned pay cuts. therotest came as greek unemployment was reported above 24% in june. there were new claims today that the bush administration made more extensive use of waterboarding than was ever acknowledged. the c.i.a. has confirmed waterboarding three suspects. but human rights watch reported on other instances, involving libyan exiles who were swept up in the hunt for terrorists, after 9/11. the exiles were opponents of libyan leader moammar gadhafi. a fishing boat packed with migrants sank today, just off the western coast of turkey. at least 61 people died. most were palestinians and syrians and more than half were children. local officials said smugglers had promised them passage into europe. rescue crews searched in vain for survivors, beyond the few dozen who swam to shore. an initial investigation determined the vessel was over- loaded. those are some of the day's major stories. now, back to gwen and judy in charlotte. >> woodruff: in his acceptance speech tonight, the president >> ifill:
meanwhile, in greece, thousands of police and firefighters rallied against planned pay cuts. therotest came as greek unemployment was reported above 24% in june. there were new claims today that the bush administration made more extensive use of waterboarding than was ever acknowledged. the c.i.a. has confirmed waterboarding three suspects. but human rights watch reported on other instances, involving libyan exiles who were swept up in the hunt for terrorists, after 9/11. the exiles were...
WHUT (Howard University Television)
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Mar 30, 2012
03/12
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. >> statistic here three nights ago and he said, you know, if we don't do something, we are greece. i happen to be bullish on america's prospect in the future and i tell people all the time, never, never, never, ever bet against uncle whiskers because if you do you are going to lose. now, will we decline if we don't get a handle around our debt bomb? you bet we will, we have, you know, people ask me what is the most serious problem facing us today? >> and i say it is the economy, the economy, and the economy. in that order. we cannot continue down this path that we are now on. where we are building a greater and greater and greater levels of debt. our debt to gdp the next five years is going to be 100 percent simply unsustainable. we have got to get a handle on that or we will be in decline. >> rose: you have said without the reserve, without the dollar being the reserve currency we would be greece. >> that is correct if we didn't have the dollar today, with our debt to gdp, we would be be greece. >> rose: he is absolutely right and that is why we will. we face the most predictable
. >> statistic here three nights ago and he said, you know, if we don't do something, we are greece. i happen to be bullish on america's prospect in the future and i tell people all the time, never, never, never, ever bet against uncle whiskers because if you do you are going to lose. now, will we decline if we don't get a handle around our debt bomb? you bet we will, we have, you know, people ask me what is the most serious problem facing us today? >> and i say it is the economy,...
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from the troika making it i guess you could call it a qualified protectorate this is a need to greece in either i mean you could see this happening in other countries that are severely indebted in spain or in italy so do you think the markets are just going to continue to keep the pressure on these countries until the system or rakes or do you think the european federalists will succeed in keeping the union together by force. well that i think that would be have to germany i don't think german is quite decided and you see the reason the german bonds you know now don't paint thing is it's a safe place to be because. the german economy is the strongest in europe they don't trust banks people are afraid to have the money in the bank because they don't know if the bank has to match greek debt. and and so there's no place else to put it so the german bonds they say is safe and is also coming here and they mistakenly think that that this is a safe haven united states so they buy treasuries and the treasuries the interest rate goes close to zero and they and they get into dollars but of cour
from the troika making it i guess you could call it a qualified protectorate this is a need to greece in either i mean you could see this happening in other countries that are severely indebted in spain or in italy so do you think the markets are just going to continue to keep the pressure on these countries until the system or rakes or do you think the european federalists will succeed in keeping the union together by force. well that i think that would be have to germany i don't think german...